Inflation Licked Bonds
by Alex Harvey, CFA
— When it comes to inflation though, postage costs are probably not front and centre of people’s minds.
Before the 4th of April this year, it cost 85 pence to send a letter first class in the UK. After that date you have needed to stick another 10 pence stamp onto your letter to maintain its first-class status. But if you had a ‘1st’ class stamp knocking about in a drawer, it effectively increased in value by an inflation busting 11.7% this year (and 11.8% the year before that).
When it comes to inflation though, postage costs are probably not front and centre of people’s minds.
- Global equities returned 1.7% last week
- Slightly improving labour and production data saw most equity markets rise
- Brent crude fell by 6.3% to $104.7 a barrel
- Gold fell by 3.8% to $1742.7 per ounce.